8356 Longleaf Ln Colorado Springs, CO 80927
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About this home
GORGEOUS LANDSCAPING draws you in from the moment you walk up to the home. The covered front porch offers a wonderful space to sit out and enjoy a cup of coffee during the summer. Walking into the home a front closet and half bath are just off the entryway/foyer. Down the hall the home opens to the living, dining, and kitchen area, naturally lit through picturesque windows. The kitchen boasts a barstool height center island, stainless steel appliances, pantry, and ample counter and cabinet space. The dining area provides walk out access to the back patio and beautiful fenced back yard. A perfect opportunity to slide open the back door and let the outdoors in for entertaining or kids in and out. The stairs to the upper level are back to towards the front door and as you walk up you are greeted by a wonderful lofts space, which could be utilized as a family/tv room, workout area, kids play area, or many other possibilities depending on needs. The upper level hosts all three bedrooms including the master suite which features a spacious walk in closet and ensuite bath with double vanity and free standing shower. Bedrooms two and three share a full bath. Completing the upper level a spacious walk in laundry room provides convenience. Walking down to the unfinished basement level the area is spacious and currently being utilized as a game room. The space is a blank canvas and can be configured and completed as needed. The Banning Lewis Ranch community has amenities galore, including neighborhood schools within walking distance, over 65 acres of parks/trails/open space for hiking/biking, tennis courts, pickleball courts, basketball court, rock climbing, zip-lines, access to pools, splash pad, water park, and dog park. The recreation center houses a fitness center and regularly hosts classes and events for all ages. In the summer months, catch a neighborhood concert, festival, food trucks, farmers market or enjoy other regular community events. This community has it all.
Source: PPMLS #1230309
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.